Problem Walk-Through Your client is 37 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $11,000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 11% in the future. a. If she follows your advice, how much money will she have at 65? Do not round intermediate calculations. Round your answer to the nearest cent. $ b. How much will she have at 70? Do not round intermediate calculations. Round your answer to the nearest cent. $ eBook c. She expects to live for 20 years if she retires at 65 and for 15 years if she retires at 70. If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age? Do not round intermediate calculations. Round your answers to the nearest cent. Annual withdrawals if she retires at 65: $ Annual withdrawals if she retires at 70: $ Icon Key

Your client is 37 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $11,000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 11% in the future. a. If she follows your actvice, how much money will she have at 65 ? Do not round intermediate calculations. Round your answer to the nearest cent. $ b. How much will she have at 70 ? Do not round intermed iate calculations, Round your answer to the nearest cent. $ C. She expects to the for 20 years if she retires at 65 and for 15 years if she retires at 70 . If her imvestments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age? Do not round intermediate calculations. Round your answers to the nearest cent. Annual withdrawals if she retires at 65:$ Annual withdrawals if she retires at 70:$ incormedlate Caiculations. Round veur avwers to the nebrest ceot: future valie of ah Ordinary Annutry? 5 Future value of an Anroby Due: 5 Starting next year, you will need $20,000 annually for 4 years to complete your education. (One year from today you will withdraw the first $20,000.) Your uncle deposits an amount today in a bank paying 4% annual interest, which will provide the needed $20,000 payments. a. How large must the deposit be? Do not round intermediate calculations. Round your answer to the nearest cent. b. How much will be in the account immedately after you make the first withdrawain Do not round intermediate calculations. Round your answer to the heanest cent. Your parents will retire in 23 years. They currently have $230,000 saved, and they think they will need $1,150,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places